Working closely with Innovate SA, SA Angels coordinated the due application and introduction of Shot to its members, ultimately resulting in the finances being raised and providing Snap with vital cash flowing to commercialise.
Snap is a technology start-up which was spun out of the University of Adelaide`s Australian Centre for Visual Technologies.
The artificer of the technology, Dr Anton Van den Hengel, was the 2010 South Australian Pearcey Award winner and clay on the table of Snap.
Dr Henry Detmold, Snap Chief Technology Officer, was one of the principal developers on the plan while it was inside the University of Adelaide and will proceed to study closely with the team as they affect the party towards commercialisation.
This innovative product helps to handle large CCTV networks incorporating hundreds to thousands of cameras, by helping camera operators track a place from camera to camera as they move through the network.
The package works by understanding how each camera is supported by adjacent cameras and facilitates automated tracking and evidence collation.
This was the third significant investment for SA Angels, with a similar sized investment in Windesal, an Adelaide based renewable-energy powered desalination company, being realized in 2010.
Chairman of SA Angels, Michael Dilettoso said, "This was a large chance for Adelaide investors to keep local entrepreneurs developing world class technology. South Australia has tremendous potential for advanced technology.By assisting inventors with support and job experience, Angel Investors help make a span to success."
About SA Angels
SA Angels is an association of investors founded in Adelaide in December 2008. The group meets on a steady basis to author and evaluate innovative technologies from South Australian entrepreneurs seeking funds and expertise to market their ideas.
The group not just looks for high growth investment opportunities but seeks to be actively involved in assisting entrepreneurs to reach their goals. Members are successful business people who have a wealth of live and contacts to help drive these fledgling businesses to reach international success.
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